Issue of equity

Hi sir, Im sorry for the long question. There are 4 questions basically. Unfortunately the answers have no explanation .Can you please solve them for me? This data relates to question 1-4 A company is investing $70m in a new project and will be funding part of the investment by debt and the remainder by equity through a rights issue. The current share price is $4 and the market capitalisation is $200m. The rights issue price will be at a discount of 20% to the current share price. The rights issue will be on a 1 for 5 basis Issue costs are expected to be $2m. Current equity gearing (debt/equity) is 40% Q1 How many new shares will be issued? A 5 million B 10 million C 50 million D 60 million Q2 How much gross funding is raised by the rights issue? A $16m B $20m C $32m D $40m Q3 What is the theoretical ex rights price? A $3.87 B $4.00 C $4.64 D $5.00 Q4 What is the revised equity gearing of the company? A 40.0% B 42.9% C 40.7% D 41.5%